Our weekly summary of news and developments across global IPO markets.
249 editions
Several major IPOs are expected, including Titan America’s $500 million U.S. listing, Samsonite’s dual U.S.-Hong Kong offering, and Midea Group’s $3 billion Hong Kong IPO, the largest in the region since 2021. Carlyle’s Acrotec Group could raise $4.7 billion in Zurich. Other notable deals include Delivery Hero’s Talabat listing in Dubai and Advanta Enterprises planning a $500 million IPO in India by 2025.
Read editionMBX Biosciences, specializing in GLP-1 drugs, has filed for a Nasdaq IPO. Delivery Hero plans to list its MENA unit, Talabat, in Dubai with a valuation of around $5.5 billion. Tembo E-LV will go public via a $904 million SPAC deal. Duality Biotherapeutics is preparing for a Hong Kong IPO, focusing on its ADC pipeline. NMDC Energy is launching an IPO in Abu Dhabi to raise $877 million.
Read editionYanolja's Nasdaq IPO faces delays due to liquidity issues at its subsidiary, Qoo10, potentially impacting its financial health. Swiggy, India's food delivery giant, targets a $15 billion valuation in its upcoming IPO, one of the country's largest this year. Meanwhile, Japan's Kioxia Holdings plans a $500 million IPO, anticipated to be the largest in Japan since 2018.
Read editionWeRide delays Nasdaq debut while Samsonite eyes U.S. dual listing. European fintech giant Revolut secures $45B valuation, hinting at future IPO. Asian markets see flurry of activity with Airwallex targeting 2026 listing and 99 Speed Mart launching Malaysia's largest IPO in 7 years. Chinese firms explore Hong Kong listings despite market slowdown.
Read editionAbnormal Security raised $250M for IPO prep, aiming for a 2025 listing. China Resources Beverage received approval for a $1B Hong Kong IPO, while Honor, with state backing, eyes an A-share IPO. Continental revised spin-off plans, considering a Frankfurt listing for its automotive unit. Klarna explores a secondary share sale before a potential IPO. Egypt targets $2.5B from its government IPO program in FY2024/25.
Read editionIn the U.S., AI chipmaker Cerebras Systems plans an October 2024 IPO, while Chinese firms YXT.com and WeRide file for Nasdaq listings. In Europe, the London Stock Exchange denies lowering standards for Shein's potential IPO. Asia sees activity with LG CNS preparing for a Seoul IPO, Zhongmiao Holdings pricing its Hong Kong offering, and Indian e-scooter maker Ola Electric setting terms for a major IPO, attracting global investors.
Read editionIn the US, Medline Industries explores a $50 billion valuation IPO, while Google's acquisition talks with IPO candidate Wiz fell through. Europe sees Dolce&Gabbana considering an IPO and UK regulators easing capital raising rules. In Asia, Chinese companies like Midea and Hozon target Hong Kong and Southeast Asian markets for IPOs. The UAE's Pathfinder secures funding for a NASDAQ listing.
Read editionChinese autonomous driving startup WeRide targets a $200M-$300M U.S. IPO, while Swedish fintech Klarna prepares for a potential 2025 listing. In Asia, several tech companies plan IPOs, including Manycore Tech in Hong Kong and i-Scream Media in South Korea. The Middle East sees increased IPO interest, with Abu Dhabi National Hotels and Saudi Arabia's sovereign wealth fund planning listings. Meanwhile, U.S.-based 401(k) provider Human Interest raises $267M, eyeing a future IPO.
Read editionGlobal IPO activity is showing signs of revival, with notable announcements across the US, Europe, and Asia-Pacific regions. Companies like TWFG Insurance, Smithfield Foods, and Hyundai's Indian subsidiary are planning significant IPOs. The UK is implementing major listing rule changes to attract more issuers. China is experiencing an IPO retreat due to stricter standards, while other Asian markets, including Thailand and Hong Kong, are seeing increased IPO interest.
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